Weitz Investment Management Inc. Purchases 30,000 Shares of Gardner Denver Holdings Inc (NYSE:GDI)

Weitz Investment Management Inc. raised its position in Gardner Denver Holdings Inc (NYSE:GDI) by 15.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Weitz Investment Management Inc.’s holdings in Gardner Denver were worth $6,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. American International Group Inc. raised its holdings in Gardner Denver by 19.4% in the 4th quarter. American International Group Inc. now owns 2,553 shares of the company’s stock valued at $52,000 after acquiring an additional 414 shares in the last quarter. Comerica Bank raised its holdings in Gardner Denver by 6.2% in the 1st quarter. Comerica Bank now owns 9,652 shares of the company’s stock valued at $270,000 after acquiring an additional 563 shares in the last quarter. Boston Partners raised its holdings in Gardner Denver by 1.9% in the 4th quarter. Boston Partners now owns 30,420 shares of the company’s stock valued at $622,000 after acquiring an additional 579 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Gardner Denver by 17.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 4,611 shares of the company’s stock valued at $94,000 after acquiring an additional 688 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Gardner Denver by 19.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,285 shares of the company’s stock valued at $108,000 after acquiring an additional 843 shares in the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on GDI shares. TheStreet raised Gardner Denver from a “c” rating to a “b-” rating in a report on Monday, May 13th. Zacks Investment Research raised Gardner Denver from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, May 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $34.00 price target on shares of Gardner Denver in a report on Wednesday, February 20th. Robert W. Baird reissued a “buy” rating and issued a $32.00 target price on shares of Gardner Denver in a report on Wednesday, February 20th. Finally, ValuEngine raised Gardner Denver from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.56.

Shares of GDI traded down $0.45 during mid-day trading on Friday, reaching $33.03. The company had a trading volume of 17,218 shares, compared to its average volume of 1,477,610. Gardner Denver Holdings Inc has a twelve month low of $18.70 and a twelve month high of $36.22. The company has a current ratio of 2.27, a quick ratio of 1.37 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.68 billion, a PE ratio of 25.60 and a beta of 1.52.

Gardner Denver (NYSE:GDI) last issued its earnings results on Tuesday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.18. Gardner Denver had a return on equity of 16.60% and a net margin of 10.19%. The business had revenue of $620.30 million during the quarter, compared to analysts’ expectations of $600.92 million. During the same period in the prior year, the firm posted $0.38 EPS. Gardner Denver’s quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts forecast that Gardner Denver Holdings Inc will post 1.26 EPS for the current fiscal year.

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Gardner Denver Company Profile

Gardner Denver Holdings, Inc provides mission-critical flow control and compression equipment; and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Industrials, Energy, and Medical.

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Institutional Ownership by Quarter for Gardner Denver (NYSE:GDI)

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